Increased consumption of processed foods & beverages and innovation in the packaging are driving the growth of the edible packaging market
Edible packaging is a sheet of edible coating, which layered with a food ingredient. Hence, anyone can eat the food with its package. The edible packaging market is driven by various factors such as increased consumption of processed foods & beverages and innovation in packaging. Furthermore, increasing disposable income in developing countries is boosting the purchasing power of the consumers in this region, which, in turn, will boost the growth of the packaging market. However, higher cost of the edible packaging materials than the other materials used for food coating is negatively affecting the market growth. The global edible packaging market is projected to grow at a CAGR of 6.2% during the forecast period. On the basis of the material, the market has been segmented into polysaccharides, lipid, protein films, and others. The lipid-based edible packaging dominates the material segment of the market. Lipid-based edible films are used in fresh and processed fo...